Russel Metals Inc. (TSE:RUS – Get Free Report) insider John Gregory Reid sold 28,935 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of C$58.62, for a total value of C$1,696,169.70. Following the completion of the sale, the insider directly owned 306,147 shares of the company’s stock, valued at C$17,946,337.14. This represents a 8.64% decrease in their ownership of the stock.
Russel Metals Price Performance
Shares of RUS traded down C$0.23 during mid-day trading on Thursday, hitting C$58.35. The company’s stock had a trading volume of 65,057 shares, compared to its average volume of 216,737. The company has a current ratio of 2.86, a quick ratio of 1.44 and a debt-to-equity ratio of 29.50. The firm has a 50-day simple moving average of C$50.92 and a 200 day simple moving average of C$46.98. The firm has a market capitalization of C$3.20 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.59 and a beta of 0.95. Russel Metals Inc. has a 1-year low of C$39.09 and a 1-year high of C$59.15.
Russel Metals (TSE:RUS – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$1.30 earnings per share for the quarter. The company had revenue of C$1.42 billion during the quarter. Russel Metals had a return on equity of 12.22% and a net margin of 4.04%.
Russel Metals Announces Dividend
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. BMO Capital Markets upped their target price on Russel Metals from C$51.00 to C$56.00 in a report on Wednesday, May 6th. Scotia upped their target price on Russel Metals from C$54.00 to C$62.00 and gave the company a “sector outperform” rating in a report on Thursday, May 7th. Stifel Nicolaus upped their target price on Russel Metals from C$49.00 to C$58.50 and gave the company a “hold” rating in a report on Thursday, May 7th. National Bank Financial upped their target price on Russel Metals from C$51.00 to C$52.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, TD upped their target price on Russel Metals from C$63.00 to C$68.00 and gave the company a “buy” rating in a report on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$59.50.
Read Our Latest Stock Report on RUS
About Russel Metals
Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.
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